About Hydrophobic Coatings
Hydrophobic coatings are also known as water repellent coatings, these are the thin layer of waterproof materials on the surface of hydrophilic substances. These coatings are in the form of the monomolecular layer which helps in resisting the water on various materials such as metals, woods, leathers, and non-fabric fibrous materials, which are particularly used in buildings, textile productions constructions, and aerospace. This hydrophobic coating offers corrosion resistance, self-clean ability and improved moisture dirt retention along with prolonged life expectancy of the substrate. High demand from the aerospace industry is driving the market in forecasting years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hydrophobic Coatings market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Drywired (United States), BASF SE (Germany), PPG Industries (United States), The 3M Company (United States), NeverWet (United States), NEI Corporation (United States), AccuCoat Inc (United States), Aculon (United States), Artekya (Turkey) and CYTONIX (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are NEI Corporation (United States), P2i Limited (United Kingdom), PPG Industries, Inc. (United States), Sto SEA Pte. Ltd. (Singapore) and UltraTech International Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hydrophobic Coatings market by Type (Polysiloxanes, Fluoro Alkylsilanes, Fluoropolymers and Others), Application (Aerospace, Automotive, Construction, Medical, Optical and Oil & Gas) and Region.
On the basis of geography, the market of Hydrophobic Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Substrate Type, the sub-segment i.e. Metals will boost the Hydrophobic Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Property, the sub-segment i.e. Anti-Microbial will boost the Hydrophobic Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Hydrophobic Coatings Based on Titanium Dioxide and Adopting Hydrophobic Coatings in Medical Industry
Market Growth Drivers:
Rising Demand from Automotive and Aerospace Industry, Increasing Demand From End-Use Industries and Superior Properties of Hydrophobic Coatings
Challenges:
Difficulty in Maintaining Long-Term Stability Issues for Hydrophobic Coatings and Stringent and Time-Consuming Regulatory Policies
Restraints:
High Raw Material Cost for Hydrophobic Coatings and Risk of Damage During Application and Health Concerns
Opportunities:
High Growth in Emerging Economies of APAC and Increasing Demand in Display Screen of Electronics
Market Leaders and their expansionary development strategies
In October 2020, Mitsui Chemicals Acquired Hydrophobic, Anti-Reflective Coatings Maker COTEC. The acquisition Expanding the portfolio of Mitsui Chemicals Group’s Vision Care Materials Division.
In January 2021, Nippon Paint Holdings Co., Ltd. announced that Nippon Paint Marine Coatings Co., Ltd., a Group company producing marine coatings, has launched FASTAR, a self-polishing antifouling coating that incorporates for the first time a hydrophilic and hydrophobic nanodomain structure using a unique nanotechnology.
Key Target Audience
Suppliers of Hydrophobic Coatings raw materials, Manufacturers of hydrophobic coatings, Traders and distributors of hydrophobic coatings, Government & regional agencies, Research organizations, Investment research firms of coatings, End –Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.